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JPMorgan News and Articles



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JPMorgan Created a Blockchain Framework For Siemens Payments

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Leading international bank JP Morgan is partnering with the largest industrial manufacturing firm in Europe Siemens. JP has created a structure for the manufacturer’s payments. A release by Financial Times, says the institutions presented a first-of-its-kind app. The system is being used for...

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JPMorgan: Bitcoin fair price is around $ 35,000

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According to analysts from the investment bank JPMorgan, today's bitcoin rate is greatly overvalued. The fair price of the cryptocurrency is around $ 35,000. The financial giant's report says that, unlike gold, BTC is still a highly volatile asset. The range of cryptocurrency price fluctuations is...

JPMorgan Bitcoin price

JPMorgan Says BTC Surge Is a Result of Inflation Concerns

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Experts at the leading financial institution JPMorgan say that Bitcoin's surge is connected with concerns over inflation and not ETFs. As reported by Bloomberg, Managing Director at JP Morgan Nikolaos Panigirtzoglou and other strategists are of the opinion that the release of ProShare's Bitcoin ETF...

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JPMorgan CEO Continues to Think Bitcoin is Worthless

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CEO of New York-based international investment bank JPMorgan Chase Co, Jamie Dimon says in his personal opinion Bitcoin is worthless although the bank's customers think differently. The executive shared his views during an Institute of International Finance event on Oct. 11. At the same time, he...

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JP Morgan Made Crypto Funds Available for Its Clients

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Wealth managers of one of the US largest banks, JP Morgan now are authorized to provide their customers access to crypto, reports Business Insider. Thus, the establishment became the first of the largest banks in the US to do so. The five crypto products that JP Morgan's consultants can operate...

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JPMorgan Says El Salvador May Face Restrictions in Using BTC

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Global investment bank JPMorgan finds El Salvador may face difficulties with Bitcoin's use cases as a means of exchange. In a report published on Thursday, the bank said the difficulties may appear, as lots of BTC is tied up in illiquid institutions, 90% of the owners remained the same through a...

JPMorgan crypto staking

JPMorgan Team Is Positive About Ethereum2.0 and Staking

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JPMorgan recently published a report, where the CEO Jamie Dimon and two senior analysts shared their views on blockchains, Ethereum upgrades, and staking. They mentioned the importance of running more energy-efficient networks and that the popularity of these types of networks will grow. As...

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JPMorgan does not rule out the fall of bitcoin to $ 25,000

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The cryptocurrency market is still dominated by bearish sentiment. The risks of a new Bitcoin rollback periodically increase according to a study by JPMorgan investment bank analysts. They do not exclude that the result of the negative trend that we have been observing over the past few weeks will...

Gold

JP Morgan: Investors began to move from bitcoin to gold

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The report of the investment bank JP Morgan says that the fall in the value of bitcoin was the result, among other things, of the transition of some large investors to gold. Today the cryptocurrency is trading at $ 38,900. The day before, the bitcoin rate fell below $ 31,000. Support returned on...

JP Morgan Bitcoin

JPMorgan About the Possibility of BTC Price Further Decline

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Managing Director at J.P. Morgan Nikolaos Panigirtzoglou noted that if Bitcoin's price doesn't go back $60.000 in the near term, the further fall will be more probable. Strategists of the institution stated that during the last several days, Bitcoin futures markets have seen a large liquidation as...

JPMorgan crypto clearinghouse

JPMorgan in Search of Crypto Clearinghouse

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Wall Street financial services provider JPMorgan views possibilities of cooperation with a crypto clearinghouse to form liquidity. The news was announced by Forbes on March 15. Commonly shoppers of crypto assets need to store their capital with over-the-counter (OTC) or off-exchange desks before...

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JPMorgan Launches "Basket" Product for Cryptocurrencies

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Global financial services provider JPMorgan filed an application with the SEC to launch crypto product through public-company stocks. The SEC issued a paper called "Insight Notes Linked to the J.P. Morgan Basket of Companies with Exposure to Cryptocurrency", giving the details of the...

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JPMorgan Says BTC Institutional Demand to Reach $600B

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New-York based multinational investment bank and financial services company JPMorgan Chase Co finds it possible for bitcoin flow to reach $600 B. Data shows that insurance companies and pension funds in the U.S., Europe, and Japan have put just one percent of their assets into the world’s leading...

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JPM Coin blockchain project will be used for payments

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JPM Coin, the digital currency of investment bank JPMorgan, will be used commercially for the first time this week when sending payments around the world. Said Takis Georgakopoulos, head of the bank's payment department. JPMorgan launches a division called Onyx, which develops blockchain and...

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JP Morgan highlights Square's investment in Bitcoin

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One of the largest investment banks, JPMorgan, commented on earlier information about the decision of the IT company Square to invest in bitcoin. The financial giant believes this is another step towards popularizing the cryptocurrency industry. Recall that Square recently invested $50 million in...

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JPMorgan will pay $2.5 million in a lawsuit

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JPMorgan agreed to pay $ 2.5 million to settle a class-action lawsuit about irrational fees that the bank charged for transactions when purchasing cryptocurrencies. The lawsuit was filed in April 2018 against Chase Bank, a subsidiary of commercial holding JP Morgan Chase, which specializes in...

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JPMorgan’s blockchain network will launch in Japan in 2020

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According to the latest announcements, JPMorgan's blockchain payment network is going to begin operating in Japan at the beginning of 2020. Based on Quorum, JPMorgan's in-house blockchain platform, the Interbank Information Network (IIN) plans to quicken payment transactions as well as address...

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

JPMorgan worries that cryptos like Libra may face ‘Gridlock’

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As to JPMorgan Chase & Co. stablecoins which are built to bypass the massive changes of BTC and ETH, could break functioning normally in pressure periods. Joshua Younger said leaning on his analysis that the cumulative cost of all existing stablecoins is not surpassing $5 billion, the...

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